IDEAS home Printed from https://ideas.repec.org/p/ror/wpince/161212.html
   My bibliography  Save this paper

Welfare Trends in Romania 1990 - 2014

Author

Listed:
  • Toader, Serban
  • Iancu, Victor
  • Olteanu, Dan

    (Romanian Academy, National Institute of Economic Research)

Abstract

We aim to clarify how objective wellbeing in Romania, as expressed by statistical indicators, evolved during two and a half decades (1990-2014). We considered three main pillars of welfare - health, income & consumption, education – and we investigated their evolution for five CEE countries: Romania, Bulgaria, the Czech Republic, Hungary and Poland, to which we added a western european country – Germany -, as a banchmark for comparison. We conclude that Romania’s welfare development, determined using our indicators and methodology, appears to be consistent and robust. Considering the overall welfare development relative scores, Romania ranks second among the countries under survey, after Poland. Accordingly, even though for some indicators Romania was and still is positioned below other CEE countries in absolute figures, the positive evolutions we have observed for some indicators show a convergence tendency with countries better positioned so far, as confirmed by reducing gaps for these indicators. However, this 2nd rank comprises mixed performances among the analysed indicators. For instance, Romania’s wellbeing development lags behind some other CEE countries for life expectancy, tertiary enrolment and human capital. As a result, absolute gaps have expanded. Moreover, in the case of GDP, although its relative growth was lower only than that of Poland, the absolute gap between Romania and other two countries (Czech Republic and Germany) widened in 2014, as compared with 1991 This study has been financed and conducted by KPMG Romania: https://assets.kpmg.com/content/dam/kpmg/ro/pdf/welfare-en-web.pdf The Romanian version is available for download at: https://assets.kpmg.com/content/dam/kpmg/ro/pdf/welfare-ro-web.pdf

Suggested Citation

  • Toader, Serban & Iancu, Victor & Olteanu, Dan, 2016. "Welfare Trends in Romania 1990 - 2014," Working Papers of National Institute of Economic Research 161212, National Institute of Economic Research.
  • Handle: RePEc:ror:wpince:161212
    as

    Download full text from publisher

    File URL: http://www.workingpapers.ro/2016/wpince161212.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:lum:rev3rl:v:9:y:2018:i:3:p:76-98 is not listed on IDEAS

    More about this item

    Keywords

    wellbeing; health; income; consumption; education; CEE;

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I10 - Health, Education, and Welfare - - Health - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • I20 - Health, Education, and Welfare - - Education - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ror:wpince:161212. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Corina Saman). General contact details of provider: http://edirc.repec.org/data/incearo.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.